USD/TRY is currently moving in a sideways range, but still it’s being favored by the bears amid a broad-based weakness seen in the US Dollar. The resistance zone of 3.795 still holds, as it coincides with the 65% Fibonacci area, which should help to produce pullbacks in order to put the focus on the...

USD/TRY has been trading in a bullish tone above the 3.750 level across the board and currently it’s duplicating a cycle initiated since January 5th session. So far, the pair is facing a strong resistance below the Fibonacci extension level of 123.6% at 3.823, which should be considered as the end o...